Zomato IPO Apply

In the never-ending list of IPO’s, there is one more well-established food supplier company that is all set to step into IPO. Zomato- biggest food aggregator and delivery service serving for 11 years is now all set to enter public offering. Thus, it now becomes essential to know the Zomato IPO apply process. 

Starting afresh in IPO with a Fresh issue of  Rs 9000 crore and an Offer For Sale of  Rs 375 crore, Zomato is all set to launch on 14 July 2021. The price band is fixed at ₹72-₹76 per share, thus bringing more potential investment opportunities for beginners and other retail investors.  The Zomato IPO GMP is also being seen in the range of ₹13 to ₹14.

Now to apply for the Zomato IPO you are provided with two methods:

• Online Method
• Offline Method

How to Apply for Zomato IPO Online?

In this tech-savvy world, it becomes easier for anyone to subscribe for the IPO online. You can either apply using your trading app or net banking portal. In either of the ways, the only way is ASBA, where the amount corresponding to bidding is blocked in your bank account.

The two basic details required to apply for the IPO are bank account details, PAN card, and Demat account number.

So here if you are not having a Demat account, get it open now.

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If you are looking for any kind of assistance to open a Demat account for FREE, then reach us.

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Other than this from one PAN card or say Demat account you can invest a maximum of up to 2 lakh rupees in an IPO. For IPO multiple bids, you can use another Demat account registered with different PAN details. 

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How to Apply for Zomato IPO Using ASBA?

From following traditional ways for registering in the market sector using traditional ways to moving towards the digital world, especially in the case of the market sector has made our lives easier as well as has become the most preferred way to register for an IPO.

ASBA (Applications Supported by Blocked Amount) has made it easier to apply for an IPO. Let’s move towards the doorway to apply for Zomato IPO: 

1. Log in to net banking or the trading platform.
2. Further, from the various options select the “IPO APPLICATION” and IPO Online System page will be flashed in front of you.
3. Fill in the necessary details.
4. ASBA IPO application is for people. 
5. Make sure your name and all necessary credentials remain the same and match with the information given in the depository account.
6. Enter the bid amount according to the price band and the lot size. You can place three bids to increase the chance of allotment.
   For example, you place the bid for buying 1 lot (195 shares) at the price of ₹72, another bid of 1 lot at ₹76, and the third bid for 2 lots (390 shares) at ₹76.
   After entering the details, click on the SUBMIT button. The corresponding maximum amount gets blocked in your bank account until the shares get allotted.  
7. By default,  a person using net banking will be given first preference. 
8. Unless you are not allotted any share your bidding amount will remain blocked and is only credited to your account after shares are allotted.

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How to Apply for Zomato IPO Using UPI?

UPI is used to transfer money/funds from one party to another without any risk and in a very secure manner for this one has to be there on BHIM-UPI APP. Here however the method of application is via ASBA, but you can make a payment using the UPI method instead of net banking or other options.

1. The very first step is to have the UPI BHIM app with you. After that choose your native language and select your bank name with the account number.
2. Create your UPI ID by filling in basic details like name, virtual ID, and password.
3. Then next is to follow:  ADD —>LINK —>MANAGE BANK ACCOUNT option and connect your old virtual id with your bank account.
4. Create your MPIN (Mobile banking Personal Identification Number). This is basically a unique password or ID which helps you to move further with your transactions.
5. You are successfully registered.
6. Now follow the same steps as discussed above and after clicking on SUBMIT button, choose the UPI mode for transferring payment in the bank account in which you want to block the amount.

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Zomato IPO Application Form

Digitalization and the coming of the internet have surely changed the way the world operates but there are still many who believe in traditional methods for applying in IPO. Let’s take a read to do so:

1. For offline application, first, you grab an application form from the NSE website, by clicking here.
2. The link for the Zomato application form will be updated on the issue date. You can download it directly from here.
3. Though a trading account is not necessary to open, you will require at the time of selling your shares which you have achieved via IPO, moreover, it will be required to pour your rewarded shares also.
4. Make a healthy decision on how much amount to be invested in the IPO for buying shares and then issue a cheque for the amount decided.
5. If your amount goes beyond ₹ 50,000, you will be asked to attach a PAN CARD copy along with your application form.
6. After filling the application form, hand over these documents to your broker, who will in return give you an acknowledgment form.
7. The broker then will submit your form to the company and your application for shares will be executed.

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Zomato IPO Date

Once you are aware of the application process, the next important thing to be considered is the date on which the IPO opens for a subscription. Like any other IPO, Zomato IPO remains open for three days, starting from July 14, 2021, to July 16, 2021. 

Other than this there are many another related application date that you must be aware of. The details of the IPO date is given in the table below: 

 

After taking a quick tour at the important dates now let’s have a look at the ZOMATO IPO PRICE.

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Zomato IPO Price 

Zomato is coming up with a public issue worth ₹9375 crores of which the major share is of the fresh issue. Other than this the shareholder of the company Info Edge is coming up with the Offer for Sale worth ₹375. 

 

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Zomato IPO Apply or Not?

Well, no doubt the basic objective of the investment is to earn profit and a good return over time. So when it comes to filing an IPO application, it becomes even more important for the investor to check the company’s growth potential.

Some of the basic financial information is provided in the table below:

 

Other than this, a few other considerations before you apply for Zomato IPO:

• According to RedSeer, in terms of food sold, Zomato is one of the leading food services platforms in India. This is verified with the data where the recorded average monthly visitor on the platform was 32.1 million in FY21.
• Along with this, the current presence of the online services is in more than 500 cities with the partnership with more than 3,89,932 active restaurants.
• The company is continuously working to strengthen its business in online delivery, dine-out, and hyperpure services.
• Management plays a vital role in defining the growth and future of the company. Zomato has a team of top and qualified management that adds on credibility to the company.
• The company had recorded some losses in the past. Also, the pandemic condition in the year 2020 has majorly impacted the food delivery services thus affecting the business. So, if a similar situation arises in the future then there are higher chances of potential loss and downfall in the business’ growth.

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Conclusion

Seeing the above data and other information around the company, one can plan to apply for the IPO as Zomato is on the verge of potential growth thus creating and opening a gateway for potential investors and newbies to invest.

Do you own particular analysis and learn more about the company’s background before you apply for Zomato IPO.

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